Teradyne, Inc. (NASDAQ:TER) Shares Sold by Guinness Asset Management LTD

Guinness Asset Management LTD lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,516 shares of the company’s stock after selling 94 shares during the quarter. Guinness Asset Management LTD’s holdings in Teradyne were worth $569,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TER. Capital Performance Advisors LLP bought a new stake in shares of Teradyne in the 3rd quarter valued at approximately $29,000. Quarry LP boosted its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. Coastline Trust Co bought a new stake in Teradyne during the third quarter valued at $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne during the third quarter worth $52,000. Finally, Eastern Bank bought a new position in shares of Teradyne in the 3rd quarter worth about $67,000. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of several research reports. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $117.00 to $154.00 in a research report on Monday, January 6th. Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.33.

Teradyne Trading Up 0.6 %

Shares of NASDAQ:TER opened at $138.40 on Monday. The company has a 50 day moving average of $121.25 and a 200-day moving average of $126.95. The firm has a market cap of $22.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.23 and a beta of 1.46. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. Equities research analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has initiated a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.